Major bank funds £28.5m scheme

The Royal Bank of Scotland (RBS) has provided a £28.5m funding package to support the transformation of a premium student accommodation block in east London.

The Canto Court development (pictured above) – which is managed by privately owned real estate investment and management company Realstar Capital – is located three minutes away from Old Street station and features 164 rooms over eight floors, with prices starting at £319 per week.

It also contains a common room, study room, gym and café on site.

Ryan Prince, principal of Realstar Group, said: “The funding from RBS has allowed us to expand and improve our portfolio in London, offering students the opportunity to live on the doorstep of the capital’s most fashionable and in-demand locations.”

Realstar Capital – which was founded in 1974 – has funded a range of developments across London, including a purpose-built rental residential scheme in Elephant & Castle.

Sebastian Walley, director of RBS Real Estate Finance, said: “RBS is proud to support a business with such a wide-ranging portfolio as Realstar and we look forward to working with them in future.”

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